The 1% Challenge - 100 ways to make your 1%

LessCake

1% paid today taking me down to £2574 :T Just another 99 of these to go!

takingcontrolatlast

tattycath wrote: »

Can you not both break down your debts/bills into more manageable chunks? Then your % would be easier to find. Even if you split the figure in half.
For example:
If you're total bills/debt was £5000 your 1% would be £50, but if you broke it in half-£2500, then your 1% would only be £25. I know it means you're only tackling half the debt (on paper), however, if the %s were more manageable you would achieve your goal quicker. Once that half is achieved, yo can do the same wi the other half. IYSWIM.:)

I like this method - tbh i was looking at my total debt of £35k + and was thinking its going to take me forever to get rid - so i am going to tackle my 1% one at a time and change my signature accordingly.

My highest APR is

Loan - £600 and my 1% is £6

Sa1sysoo

Thanks tattycath, I was thinking the same too.

I think it's because I want it gone so badly, that the idea of splitting it into 200% just niggles me, somehow.

I'll give this a think, have another look at figures and perhaps revise it.

grassgirl

LessCake wrote: »

I have just started a diary and one of the things I wrote was that I wanted to cut out wasting money on junk food so I could lose the lb kind of pounds while saving the £ kind of pounds

I think it's a winter thing too though - stuck inside and eating comfort food. Roll on spring/summer!

I've made myself a rule that I won't pay to eat out, unless it's super healthy. Didn't always buy junk but now and again a can of coke here or a pasty there, soon adds up.
I'm also declaring March as "MY March" to get control on it. Hopefully!

LessCake

grassgirl wrote: »

I've made myself a rule that I won't pay to eat out, unless it's super healthy. Didn't always buy junk but now and again a can of coke here or a pasty there, soon adds up.
I'm also declaring March as "MY March" to get control on it. Hopefully!

It certainly does add up - I dread to think how much I have spend on junk food over the years!

I like the 'MY March' idea and hope it goes well for you!

DeafLeopard

326 DeafLeopard
new goal: £1000
1% = £10

Currently I have £661.39 which is 66% achieved.

takingcontrolatlast

Yeah pay day! -

Loan down to £470 = 21.67%

through overtime and hard work

ellesbellesxxx

Hi all,
Yay well done those of you that are ploughing through those chunks!


We have paid off another 200 off family loan...


Debt 1: 2400/8000 paid 30%
Savings: 3000/10,000 saved 30%


Keeping on chipping away...

fedupandskint

I'm still ploughing through the long term loan overpaying. It's down by £6000 over the last 14 months which is good going £148.80 overpaid for March from money saved from payday, water bill money not needed this month and a couple of eBay sales.

33% paid off now.

Hoping for more sales for this month too pay some more off.

melodramaticme

Update for me

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[FONT=Arial, sans-serif]#196 £3008.77/£6200 48%/100%[/FONT]